Rhumbline Advisers Has $1.52 Million Stock Position in Universal Technical Institute Inc (NYSE:UTI)

Rhumbline Advisers reduced its stake in shares of Universal Technical Institute Inc (NYSE:UTI) by 16.9% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 59,305 shares of the company’s stock after selling 12,102 shares during the period. Rhumbline Advisers owned approximately 0.11% of Universal Technical Institute worth $1,523,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of UTI. Covestor Ltd grew its stake in shares of Universal Technical Institute by 24.4% during the 4th quarter. Covestor Ltd now owns 1,977 shares of the company’s stock worth $51,000 after acquiring an additional 388 shares in the last quarter. Independent Advisor Alliance grew its stake in shares of Universal Technical Institute by 4.4% during the 4th quarter. Independent Advisor Alliance now owns 12,157 shares of the company’s stock worth $313,000 after acquiring an additional 507 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Universal Technical Institute by 3.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,472 shares of the company’s stock worth $578,000 after acquiring an additional 777 shares in the last quarter. MetLife Investment Management LLC grew its stake in shares of Universal Technical Institute by 5.7% during the 4th quarter. MetLife Investment Management LLC now owns 23,962 shares of the company’s stock worth $616,000 after acquiring an additional 1,294 shares in the last quarter. Finally, Principal Financial Group Inc. grew its stake in shares of Universal Technical Institute by 9.6% during the 4th quarter. Principal Financial Group Inc. now owns 26,623 shares of the company’s stock worth $684,000 after acquiring an additional 2,335 shares in the last quarter. 75.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Universal Technical Institute

In other Universal Technical Institute news, Director George W. Brochick sold 6,000 shares of Universal Technical Institute stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $31.84, for a total value of $191,040.00. Following the transaction, the director now owns 32,516 shares in the company, valued at $1,035,309.44. The trade was a 15.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Todd A. Hitchcock sold 27,500 shares of Universal Technical Institute stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $33.36, for a total value of $917,400.00. Following the completion of the transaction, the chief operating officer now owns 80,521 shares in the company, valued at approximately $2,686,180.56. This represents a 25.46% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 43,805 shares of company stock valued at $1,386,495 over the last quarter. 15.10% of the stock is owned by corporate insiders.

Universal Technical Institute Stock Down 0.4%

UTI opened at $33.14 on Thursday. Universal Technical Institute Inc has a fifty-two week low of $13.66 and a fifty-two week high of $36.32. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.07 and a current ratio of 1.07. The company has a market capitalization of $1.80 billion, a P/E ratio of 31.86, a P/E/G ratio of 2.10 and a beta of 1.61. The stock has a fifty day moving average of $31.75 and a 200-day moving average of $28.38.

Universal Technical Institute (NYSE:UTI) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.07. The business had revenue of $207.45 million during the quarter, compared to the consensus estimate of $196.63 million. Universal Technical Institute had a return on equity of 21.40% and a net margin of 7.34%. On average, equities analysts expect that Universal Technical Institute Inc will post 1 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on UTI shares. Truist Financial raised their target price on shares of Universal Technical Institute from $37.00 to $40.00 and gave the company a “buy” rating in a research note on Thursday, May 22nd. Lake Street Capital reissued a “buy” rating and issued a $38.00 target price (up from $35.00) on shares of Universal Technical Institute in a research note on Wednesday, May 21st. Rosenblatt Securities reissued a “buy” rating and issued a $36.00 target price on shares of Universal Technical Institute in a research note on Thursday, May 8th. B. Riley started coverage on shares of Universal Technical Institute in a research note on Friday, March 28th. They issued a “buy” rating and a $31.00 target price for the company. Finally, Barrington Research reissued an “outperform” rating and issued a $36.00 target price on shares of Universal Technical Institute in a research note on Thursday, June 12th. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $35.83.

Universal Technical Institute Company Profile

Universal Technical Institute, Inc provides transportation, skilled trades, and healthcare education programs in the United States. The company operates in two segments, UTI and Concorde. It offers certificate, diploma, or degree programs under various brands, such as Universal Technical Institute, Motorcycle Mechanics Institute, Marine Mechanics Institute, NASCAR Technical Institute, and MIAT College of Technology.